Office Suites with Natural
For Sale
Contact for pricing
840 University City Blvd, Blacksburg, VA 24060
Multiple office suites offer natural light and flexible layouts with traditional and open floor plan options.
Property Size1,625 SF
Price / SF$172.10
Days on Market865
Property Features for 840 University City Blvd
General Information
Standard status
Active
Size
1,625 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Cushman & Wakefield | Thalhimer - Roanoke
(540) 767-3000
Listed By:
Kent Roberts · License #0225092206
(540) 309-3310
Source:
Moodyscre
Added: Jun 14, 2024
Changed: Oct 25
Last Checked: Oct 24 at 6:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Thalhimer - Roanoke
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes individual office suites that can be combined to create a larger footprint. Suites feature bright, natural light throughout, with a mix of traditional and open office floor plans to support a range of day-to-day workspace needs.
The property is described as having excellent proximity to Virginia Tech’s main campus and Route 460, supporting convenient access for employees and visitors.
Suites are well-suited for tenants seeking private offices alongside open work areas, with the option to expand by combining adjacent units as requirements change.
The property is described as having excellent proximity to Virginia Tech’s main campus and Route 460, supporting convenient access for employees and visitors.
Suites are well-suited for tenants seeking private offices alongside open work areas, with the option to expand by combining adjacent units as requirements change.
Key Highlights
- Multiple office suites with flexible layout options, including traditional and open office floor plans
- Great natural light throughout the suites
- Individual suites can be combined for larger office footprints
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,860
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,200
$397.2K
Cap Rate 7%
$283,714
$283.7K
Cap Rate 9%
$220,667
$220.7K
Market Conditions
NOI Build-Up for 1,625 SF
Gross rent
$32.0K $19.68/SF
− Vacancy
−$5.5K −$3.38/SF
EGI
$26.5K $16.30/SF
− OpEx
−$6.6K −$4.07/SF
NOI
$19.9K $12.22/SF
Area
Montgomery County, VA
Vacancy
17.20%
Lease Rate
$19.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,200
Cap Rate 7%
$283,714
Cap Rate 9%
$220,667
Alternative Uses
Best Use
Office B
$283.7K
$248.3K – $331.0K
NOI $19,860 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$384.6K
$336.5K – $448.7K
NOI $26,919 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
Explore this area
Business Placement
Demographics for 24060, VA
46,755
Population
22,797
Households
2.1
Avg Household Size
28
Median Age
63%
College-Educated
98%
High-School Grad
130.8 sq mi
ZIP Area
357
Density / Sq Mi
$63,496
Median Household Income
$31,827
Median Earnings
$1,266
Median Rent
$412,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Multiple office suites offer natural light and flexible layouts with traditional and open floor plan options.
Where is this office unit located?
The property is located at 840 University City Blvd Blacksburg, VA.
What is the asking price?
The asking price for this property is $279,662.
What are key features of this property?
This property features: Multiple office suites with flexible layout options, including traditional and open office floor plans; Great natural light throughout the suites; Individual suites can be combined for larger office footprints
